Fountainhead Museum Foundation

Analysis

Fountainhead Museum Foundation is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fountainhead Museum Foundation reported income of $10.6m and spending of $345k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.9m to $10.6m (+171%), an average of +171% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 2.4% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fountainhead Museum Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within AK. Charities of a similar size with the same main cause include Pasadena Playhouse State Theatre of California Inc ($10.6m), Miami Childrens Museum Inc ($10.7m) and Greektown Neighborhood Partnership ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. At year end it held assets of $14.3m against liabilities of $28k, net assets of $14.2m.